24th May 2013 08:34
24 May 2013
AIM: CHL
CHURCHILL MINING PLC
("Churchill" or "the Company")
Jurisdiction hearing held in the international arbitration claim against the Republic of Indonesia
Further to the announcement of 10 May 2013, the Directors of Churchill Mining PLC (AIM: CHL) wish to advise that the hearing on the Republic of Indonesia's ("ROI") challenge to the arbitral tribunal's jurisdiction to hear claims for damages against ROI raised by Churchill and its wholly owned subsidiary Planet Mining Pty Ltd ("Planet") was held in Singapore on 13 and 14 May 2013 under the auspices of the International Centre for Settlement of Investment Disputes ("ICSID").
Churchill and Planet were represented by the international law firm Quinn Emanuel Urquhart & Sullivan, LLP. Members of the Churchill board were also in attendance at the hearing.
There is no fixed date for the tribunal to deliver its decision on jurisdiction. It is likely that the tribunal's decision will not be delivered for some weeks or months. Churchill will provide an update when the decision is received.
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For further information, please contact:
Churchill Mining plc Nicholas Smith Russell Hardwick + 61 8 6382 3737 | Northland Capital Partners Limited Luke Cairns/Edward Hutton +44(0)20 77968800 |
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